Japan's Nikkei 225 set to hit another high as Asia markets look past geopolitical worries

Japan’s Nikkei 225

index was set to hit another record Wednesday, amid broader gains expected in Asia markets as the region looked past geopolitical concerns.

The Japanese index gained over 3% to hit a record high Tuesday on expectations that Prime Minister Sanae Takaichi could call for a snap election likely in February. This election, if called, will be Takaichi’s first time facing Japan’s voters in an election.

Futures for the Nikkei 225 pointed to a stronger open, with the futures contract in Chicago at 54,045, and its counterpart in Osaka at 53,960, compared to the previous close of 53,549.16.

The Japanese yen